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MTF Dashboard thread

  • #201
  • Mar 9, 2015 8:25pm Mar 9, 2015 8:25pm
Quoting FXyao
{quote} hugomarques; how do you draw this lines with arrows as below? from an indicator? can you share? thx {image}

is that here is an indicator of divergences
Attached File(s)
File Type: ex4 Stochastic divergence_mtf+alerts_build600+.ex4   53 KB | 1,300 downloads
  • #202
  • Mar 9, 2015 11:12pm Mar 9, 2015 11:12pm
Quoting hugomarques
{quote} is that here is an indicator of divergences {file}
Great! thank you so much. dear hugomarques.

Is D1 Your timeframe? what are the settings for the black, blue, green etc lines? does each line represent stoch of M5, M15, H1 and H4? how to setup so that arrow+alert appears when all lines are in the same direction? thx..
  • #203
  • Mar 10, 2015 4:23am Mar 10, 2015 4:23am
Quoting FXyao
{quote} Great! thank you so much. dear hugomarques. Is D1 Your timeframe? what are the settings for the black, blue, green etc lines? does each line represent stoch of M5, M15, H1 and H4? how to setup so that arrow+alert appears when all lines are in the same direction? thx..

8.3.3
21:10:10
100.10.10
I put this indicator only to see when the price may be weakening in 8.3.3 and 21:10:10, but depends on the trend of force
divergences work fot better in longer terms
  • #204
  • Mar 11, 2015 12:08pm Mar 11, 2015 12:08pm
This week, it has been profit upon profit. I will still test this system for one week more. Then I will go on live.
  • #205
  • Mar 11, 2015 12:20pm Mar 11, 2015 12:20pm
Quoting Greenland
This week, it has been profit upon profit. I will still test this system for one week more. Then I will go on live.
Great

Will be looking out for your comments!
  • #206
  • Mar 11, 2015 2:51pm Mar 11, 2015 2:51pm
[quote=sajidkust;8109281]Dear All, Don't know whether it is suitable time or not for putting this MTFAlertMultiCurrency version here now. Anyhow, here is MTFAlertMultiCurrency. Now you dont have to put separate Indies for each currency you are interest in. No Additional input from previous version. Few of the properties

Hi Sajidkust bro,

Thnx for your Indicator, I just wanted to knw if "MTFAlertMultiCurrency" is sufficient or we still need to use your earlier indicator.http://assets.forexfactory.net/images/attach/ex4.gif MTFAlert.ex4
If you believe in yourself anything is possible !!
  • #207
  • Mar 12, 2015 11:46am Mar 12, 2015 11:46am
Quoting imifx
Quoting sajidkust
Dear All, Don't know whether it is suitable time or not for putting this MTFAlertMultiCurrency version here now. Anyhow, here is MTFAlertMultiCurrency. Now you dont have to put separate Indies for each currency you are interest in. No Additional input from previous version. Few of the properties Hi Sajidkust bro, Thnx for your Indicator, I just wanted to knw if "MTFAlertMultiCurrency" is sufficient or we still need to use your earlier indicator.{image} MTFAlert.ex4
...
You can work with both. Its your liking.
Forex; the game of movements not the game of candles.
  • #208
  • Mar 12, 2015 11:59am Mar 12, 2015 11:59am
Quoting sajidkust
{quote}{quote} You can work with both. Its your liking.
thnx a lot bro but i am not getting any alert in new window like today, NZD and AUD quite strong.
If you believe in yourself anything is possible !!
  • #209
  • Mar 12, 2015 4:08pm Mar 12, 2015 4:08pm
Quoting sajidkust
{quote}{quote} You can work with both. Its your liking.
what percentage do you consider ideal in?
this default percentage, hard to see an alarm

thank you
  • #210
  • Mar 13, 2015 3:12pm Mar 13, 2015 3:12pm
Quoting hugomarques
{quote} what percentage do you consider ideal in? this default percentage, hard to see an alarm thank you
Dear, It would be better if you set a percentage more than 90%. Better to use in high volatality times , Asian Open, London Open and New York open. The main purpose of this indie is to measure the currency strength on different timeframes and Sell/Buy a currency as a whole.
Forex; the game of movements not the game of candles.
  • #211
  • Mar 13, 2015 3:52pm Mar 13, 2015 3:52pm
Quoting sajidkust
{quote} Dear, It would be better if you set a percentage more than 90%. Better to use in high volatality times , Asian Open, London Open and New York open. The main purpose of this indie is to measure the currency strength on different timeframes and Sell/Buy a currency as a whole.

right, one doubts que I have, hope to arrive at this level, it may take some time
you wanted to know in this panel, what value do you think Considerable, for short-term trades, to get 20-30 pips
blocks green buy the base currency, and blocks red sell the base currency correct?
CHF would be the stronger currency at the time, right?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdk-h1-exness-ltd.png Size: 47 KB
  • #212
  • Mar 14, 2015 2:32am Mar 14, 2015 2:32am
Quoting hugomarques
{quote} right, one doubts que I have, hope to arrive at this level, it may take some time you wanted to know in this panel, what value do you think Considerable, for short-term trades, to get 20-30 pips blocks green buy the base currency, and blocks red sell the base currency correct? CHF would be the stronger currency at the time, right? {image}
Dear,
Basically this Dashboard is made on the idea that User will sell/buy a particular currency as a whole. If you are using MTFMultiCurrency, then ignore the Rex/Green boxes, Just focus on the right side table. If times more than 90-95 percent then sell/buy the currency as a whole against its 7 counter parts. Please make sure that before initiating trades , you should take care when the currency is in base and when quoted. Lets say, we are going to buy GBP then we will sell EURGBP and will buy the other six(where GBP is base currency) pairs.

Yes CHF is stronger but not enough to trade the currency. For example, If you get CHF Buy 90 to 96% then you will buy CHF (Buy Pair when CHF is base and Sell when CHF in quote position)
Forex; the game of movements not the game of candles.
  • #213
  • Mar 18, 2015 2:19pm Mar 18, 2015 2:19pm
Quoting sajidkust
{quote} Dear, Basically this Dashboard is made on the idea that User will sell/buy a particular currency as a whole. If you are using MTFMultiCurrency, then ignore the Rex/Green boxes, Just focus on the right side table. If times more than 90-95 percent then sell/buy the currency as a whole against its 7 counter parts. Please make sure that before initiating trades , you should take care when the currency is in base and when quoted. Lets say, we are going to buy GBP then we will sell EURGBP and will buy the other six(where GBP is base currency)...
@sajidkust:
Is it possible that you please share the mq4-file of your fabulous "MTFAlert3 "-indicator .
For me its because I would like to set my own style of the Indicator as I like this 1 more than the MultiCurrency-version .
Also I am trading another Single-pair: SGD (which is not in the Currency-Basket of all pairs )

Would be great.
Reagrds Zack
  • #214
  • Mar 20, 2015 6:57pm Mar 20, 2015 6:57pm
Quoting momosh
{quote} Hey cja, Thank you very much, you are very fast I tested it a couple of hours and it does exactly what I meant I even made a little experiment: I separated the pairs into groups for easy view of how currencies are performing and I saw that CHF is underperforming. {image} Made a combined chart or all CHF pairs - all buy, chfjpy sell. {image} I caught it a little bit late, but it was at the time of the experiment Take profit was at previous top, and this is the screenshot when it was hit ( +186pips): {image} Cja, is it possible to include...
Mamosh, could you upload your template by any chance? I like it.
I am NOT an expert. I post to learn from others.
  • #215
  • Mar 20, 2015 7:54pm Mar 20, 2015 7:54pm
Quoting Phantom-X
{quote} Mamosh, could you upload your template by any chance? I like it.
Never mind. I think I figured it out.

Big thank you to cja and everyone else in this thread. Seems like a very promising trading indicator and method.

Many pips to us all...
I am NOT an expert. I post to learn from others.
  • #216
  • Mar 21, 2015 11:20am Mar 21, 2015 11:20am
Hey all,

also big thank you from my side... i just now had time to look at the tool,
which looks very promising.....

I will start Monday, when market is open to test it...

But i can offer also a bit help to find the best way to use it for us all.

As our trading community is developing since last year a system for handling Binary Options Trading,
we have online analyse tool for trade signals.

As MTFAlert is a real time tool and any backtesting will be not possible, it will be hard to find the best settings
and usage by manuell testing.

If there can be integrated an email alert, we could measure the results automatically...
24/5 and we could play with the settings and seeing the impact for changes immediately.

Our tool measures for 26 currencies and it measures from 1-480 Min. That means, when a wake up alert appears
we could see the reaction including Pips up to 480 minutes.

Let me know, if my idea finds your interest.

Have a good weekend
and good trading

Best regards

Jo
  • #217
  • Edited Mar 23, 2015 8:55am Mar 22, 2015 6:06pm | Edited Mar 23, 2015 8:55am
Two questions:

1) What are the entry rules? For instance, I notice the colors change around a lot as the prices update. When do we actually enter?
2) What are the exit rules? For instance, what would be good SL and TP levels if we decide to buy or sell all the pairs related to a specific currency?

Thanks.

P.S. - I prefer using the MTF Lite indicator. The other newer ones with alerts are good, but for some reason I am seeing the new text overlap with old text and it is hard to read.

P.P.S. - I figured out the issue with the MTF multi-currency alert. You just have to replace the indicator on a black background each time you want to use it.

Also, notice that we can observe the following pattern and take really good trades, I should think. When one currency has a very strong buy signal, and another currency has a very strong sell signal, we simply put the two together and trade that currency.

Let me show you.

BUY SIGNAL = CHF
SELL SIGNAL = GBP
RESULT = Sell GBPCHF!

I made this trade and it moved into profit very quickly.

Attached Image
I am NOT an expert. I post to learn from others.
  • #218
  • Mar 24, 2015 9:23pm Mar 24, 2015 9:23pm
Guys, this is a cool tool, but I'm not sure of the best time to enter the trades.

For instance, the indicator can change very rapidly (from buy to sell), causing you to take a bad trade.
I am NOT an expert. I post to learn from others.
  • #219
  • Mar 24, 2015 10:09pm Mar 24, 2015 10:09pm
Quoting Phantom-X
... the indicator can change very rapidly (from buy to sell), causing you to take a bad trade.
Like any indicator, it is based on market ... so if market change direction quickly ... so the indicator ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #220
  • Mar 24, 2015 10:24pm Mar 24, 2015 10:24pm
Quoting FerruFx
{quote} Like any indicator, it is based on market ... so if market change direction quickly ... so the indicator ...
Yes, that's true. But I'm wondering when the best entry would be?

If you just watch this indicator, it can be all over the place sometimes. I suppose that's a good signal to AVOID trading until market corrects itself.
I am NOT an expert. I post to learn from others.
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